20 hours ago
TL;DR Ripple (XRP) rebounded from the sub-$2 levels. One analyst believes its performance in the short term will depend heavily on Bitcoin’s fluctuations. Others forecasted a move to $2.50 – $3, fueled by favorable legal outcomes, institutional interest, and potential momentum above the $2.13 breakout zone. The Next Potential Moves The cryptocurrency market witnessed another correction in the past several hours following the latest wave of trade tariffs implemented by US President Donald Trump . Ripple’s XRP, which was holding above $2.15 prior to the announcement, briefly tanked under $2. Shortly after, it registered a slight rebound and currently trades at around $2.04 (per CoinGecko’s data). Numerous analysts noted the asset’s latest pullback, projecting interesting targets for the short term. The X user CRYPTOWZRD said XRP now tests the $2 daily support level, adding that “we need a reversal from this location.” They also assumed that the performance of Ripple’s cross-border token would depend on Bitcoin: “Whatever Bitcoin does, XRP will follow that. No altcoins can escape while Bitcoin is crashing.” The primary cryptocurrency, which surged past $88,000 at one point on April 2, nosedived to almost $82,000 after the escalation of the trade war. As of this writing, it is worth approximately $83,300, representing a 5% decline on a weekly scale. BlockchainBaller was much more bullish, forecasting that XRP could soar to the $2.50-$3 range this month, driven by favorable legal outcomes and increased institutional adoption. It is important to note that major developments on the legal front have already played a role in the asset’s price performance. Last month, Ripple’s CEO revealed that the US SEC had dropped its appeal against the company, describing this as the end of the lengthy lawsuit. Several days later, CLO Stuart Alderoty said the firm will withdraw its cross-appeal and pay a penalty of $50 million (instead of the previously ruled $125 million). He said the $50 million is already in an interest-bearing account, whereas the remaining amount will be returned to Ripple. The only missing conclusion of the case seems to be an official statement from the SEC, which may be released in the following days. However, it remains doubtful whether such a disclosure would fuel a rally for XRP, as it could have already been priced in. The Potential Breakout Zone Several hours before the latest correction, Crypto General claimed that XRP is still consolidating above the breakout zone of $2.13 “and is holding it strong.” The analyst predicted that the next bull run could be ignited by an upswing above that mark, promising to “add heavy bag” once that happens. As mentioned above , though , XRP headed south instead of breaking beyond the depicted target. The post Ripple (XRP) Dips Below $2 — What Analysts Expect Next appeared first on CryptoPotato .
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Genius Group Faces Bitcoin Treasury Expansion Challenges Due to Court-Ordered Injunction Amid Merger Dispute with Fatbrain AI
The recent legal developments surrounding Genius Group highlight the intricate relationship between cryptocurrencies and corporate governance. The firm faces a significant operational setback due to a preliminary injunction that blocks Crypto Potato
Pi Network Under Fire: PI Token Plummets 16% to an All-Time Low
TL;DR Pi Network’s native token cannot catch a break as its price has tumbled once again in the past 24 hours to a record low of just over $0.5. This latest decline came after a former PI proponent alleged the project to be a slow rug pull, while others have questioned the team’s viability. PI Token Price. Source: CoinGecko PI’s Latest Plunge The first month and a half after PI’s official launch and ability to be traded are a perfect example of a typical ‘sell-the-news’ event in the cryptocurrency industry amid massive hype. Recall that the project actually started roughly seven years ago, and it was in development until February 20, 2025. Within this rather extensive time period, its community grew substantially even though it saw countless delays and controversial moves. After PI went live, its price shot up from under $2 to $3 to mark a new all-time high. That was on February 26. Since then, it has been nothing short of a spectacular downfall . At press time, PI trades at $0.55, which is 81.5% lower than its record. Hours ago, it charted a new all-time low of $0.54 (according to data from CoinGecko) after dumping by another 16-7% in the past day. Admittedly, the entire crypto market has struggled in the last 36 hours after Trump’s latest tariffs, but very few large or mid-cap alts have produced such massive declines. Actually, PI is the biggest loser from the top 100 alts. Next in line is SUI with -10% and all others are with single-digit drops, even the ever-volatile meme coins. PI has fallen out of the top 30 alts by market cap. Recall that the asset was close to the top 10 just over a month ago. Further Troubles Ahead? The new all-time low comes just a day after a former PI proponent did an 180 and called Pi Network a “slow rug.” Crypto X is full with analysts and commentators that are trying to make sense of what is happening with PI’s price and in the overall Pi Network ecosystem. Dr Altcoin was skeptical about PI’s long-term potential since most major exchanges, such as Binance, seem reluctant to list it, at least until the ‘Pi Core Team (PCT) becomes fully transparent about its tokenomics.’ ‘At such a low price, the Pi community will struggle to utilize DApps within the Pi Ecosystem. If this continues for months, most Pi holders will sell off their coins and shift to newer crypto projects.’ – Dr Altcoin added. The only move ahead, the X user concluded, is to ‘burn billions of Pi coins from its Pi Foundation wallets. This is the only way to push the price above $10 and sustain the network’s long-term value.’ The post Pi Network Under Fire: PI Token Plummets 16% to an All-Time Low appeared first on CryptoPotato . Crypto Potato
